Hachette Livre acquires Time Warner Book Group for $537 million
Clients Hachette Livre S.A.
Jones Day advised Hachette Livre S.A., a subsidiary of Lagardère SCA, in its $537.5 million acquisition of Time Warner Book Group from Time Warner Inc.
The transaction made Hachette Livre the world's #3 book publishing company and was a major step toward fulfilling its objective to create a balanced portfolio in three principal languages, French, English and Spanish.
Time Warner Book Group is a major trade publisher and an important distributor for third party publishers, such as Disney and Microsoft. It also operates in the U.K., Australia and New Zealand, positioning Hachette Livre as a leading publisher in each of these three countries.